ARK 21股流出量超過GBTC，標誌著市場轉變

4 月 2 日，ARK 21Shares 首次實現日流出量超過 GBTC，該 ETF 流出金額高達 8,700 萬美元，令人震驚。這一前所未有的轉變，加上 ARK 21Shares 連續幾天的資金流出，凸顯了加密貨幣市場的一個重大趨勢。儘管灰度資金持續流出，貝萊德的基金卻出現了顯著的資金流入，展現了數位資產投資的微妙格局。

ARK 21Shares Outflow Surpasses GBTC, Signaling Market Shift

ARK 21股流出量超過GBTC，標誌著市場轉變

On April 2nd, 2022, a significant outflow of $87 million occurred from ARK 21Shares, marking the first time its daily decline surpassed that of Grayscale Bitcoin Trust (GBTC) since the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States. This notable shift, equivalent to approximately 1,300 Bitcoin (BTC), has garnered considerable attention within the cryptocurrency community.

2022 年 4 月 2 日，ARK 21Shares 出現 8,700 萬美元的大幅流出，這是自美國推出現貨比特幣交易所交易基金（ETF）以來，其日跌幅首次超過灰度比特幣信託（GBTC） 。這一顯著的轉變相當於約 1,300 比特幣 (BTC)，在加密貨幣社群中引起了相當大的關注。

The outflow from ARK 21Shares represents a significant development, as it follows the ETF's initial day of outflows on April 1st, where $300,000 in assets were lost. The consecutive days of outflows have raised concerns among investors about the ETF's future prospects.

ARK 21Shares 的資金流出代表著一項重大進展，因為該 ETF 於 4 月 1 日首次出現資金流出，當時資產損失達 30 萬美元。連續多日的資金流出引發了投資者對該ETF未來前景的擔憂。

Conversely, GBTC, a long-established player in the cryptocurrency investment landscape, continues to experience consistent outflows, with a daily loss of $81.9 million on April 2nd. While this outflow is significant, it is relatively modest compared to the average daily outflow of $254 million experienced by GBTC over the past five trading days. Over the past three months, GBTC has shed a staggering $15.1 billion in assets.

相反，加密貨幣投資領域的老牌玩家 GBTC 持續出現持續資金外流，4 月 2 日日損失達 8,190 萬美元。雖然這流出量很大，但與 GBTC 在過去五個交易日平均每日流出 2.54 億美元相比，還是相對溫和的。過去三個月，GBTC 損失的資產達到驚人的 151 億美元。

Amidst the outflows from ARK 21Shares and GBTC, BlackRock's Bitcoin fund has emerged as a beacon of stability. On April 2nd, the fund received an inflow of $150.5 million, resulting in a net aggregate inflow of $40.3 million for the day. This positive influx highlights the multifaceted nature of cryptocurrency investments.

在 ARK 21Shares 和 GBTC 資金流出的背景下，貝萊德的比特幣基金已成為穩定的燈塔。 4月2日，該基金收到1.505億美元的流入，當日淨流入總額為4,030萬美元。這種積極的湧入凸顯了加密貨幣投資的多面性。

Despite the recent outflows, ARK 21Shares maintains its position as the third-largest among the newly launched spot ETFs, excluding Grayscale, with assets under management (AUM) totaling $2.2 billion. BlackRock and Fidelity maintain dominant positions in the ETF space, with AUMs of $14.1 billion and $7.6 billion, respectively.

儘管近期出現資金流出，ARK 21Shares 仍保持新推出現貨 ETF（不包括 Grayscale）第三大的地位，管理資產 (AUM) 總計 22 億美元。貝萊德和富達在 ETF 領域保持主導地位，資產管理規模分別為 141 億美元和 76 億美元。

Beyond the realm of ETFs, the narrative of Bitcoin itself remains compelling. Despite releasing a substantial 291,000 BTC since its inception as an ETF, GBTC continues to hold a significant position in the market, with approximately 329,000 BTC in its custody as of publication. This demonstrates the enduring appeal of Bitcoin amidst the evolving cryptocurrency landscape.

除了 ETF 領域之外，比特幣本身的故事仍然引人注目。儘管自作為 ETF 推出以來已釋放了大量 291,000 BTC，但 GBTC 仍在市場中佔據重要地位，截至發佈時託管約 329,000 BTC。這表明了比特幣在不斷發展的加密貨幣格局中的持久吸引力。

The recent market volatility has played a significant role in the outflows from ARK 21Shares and GBTC. Since the beginning of April, Bitcoin's price has declined by approximately 9%, falling from $71,500 to briefly dip below $65,000 on April 3rd. The interplay between market sentiment and investor behavior is evident in these price fluctuations.

最近的市場波動對 ARK 21Shares 和 GBTC 的資金流出起到了重要作用。自 4 月初以來，比特幣價格已下跌約 9%，從 71,500 美元跌至 4 月 3 日短暫跌破 65,000 美元。市場情緒和投資者行為之間的相互作用在這些價格波動中顯而易見。

In a notable development, the cryptocurrency market recently witnessed the launch of the first-ever 2x and -2x leveraged spot Bitcoin ETFs by ProShares, under the tickers BITU and SBIT. These leveraged ETFs offer heightened volatility, with Bloomberg ETF analyst Eric Balchunas indicating a standard deviation of approximately 150%, placing them among the top 5 most volatile ETFs in the United States.

一個值得注意的進展是，加密貨幣市場最近見證了 ProShares 推出的首款 2 倍和 -2 倍槓桿現貨比特幣 ETF，股票代號為 BITU 和 SBIT。這些槓桿 ETF 的波動性較高，彭博 ETF 分析師 Eric Balchunas 表示標準差約為 150%，使它們躋身美國波動性最大的 5 個 ETF 之列。

As the cryptocurrency market continues to evolve, investors face challenges and opportunities. The persistent allure of Bitcoin remains apparent, even amidst heightened volatility and changing investment strategies. Adaptability and foresight are crucial in this dynamic landscape, where market dynamics and investment opportunities are intricately intertwined.

隨著加密貨幣市場的不斷發展，投資者面臨挑戰和機會。即使在波動性加劇和投資策略不斷變化的情況下，比特幣的持久吸引力仍然顯而易見。在市場動態和投資機會錯綜複雜地交織在一起的動態環境中，適應性和遠見至關重要。